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a loan of $10,000 was granted for 9 year at 8 percent simple interest .what is the amount of simple interest owed
Question
a loan of $10,000 was granted for 9 year at 8 percent simple interest .what is the amount of simple interest owed
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Mathematics
3 years
2021-09-01T09:34:36+00:00
2021-09-01T09:34:36+00:00 1 Answers
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Answer:
7200
Step-by-step explanation:
principle=10000
time=9
rate=8%
now
simple interesr=p*t*r/100
= 10000*9*8/100
=7200